Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net Income
Virco Manufacturing Corporation (VIRC)
US:NASDAQ Investor Relations:
virco.com/investors
Company Research
Source: GlobeNewswire
U.S. Factories and experienced staff support broad school recovery and related demand for school furnitureVertical control of order-to-cash cycle generates strong operating and financial efficiencies, with most metrics at historic highs Net Income reaches $21.9 million vs. $16.5 million in prior yearFull Year Gross Margin expands to 43.1% vs. 36.9% in prior yearCash flow from operations reaches $27.0 million vs. $(3.8 million) in prior year due to combined operating income and balancing of post-pandemic inventoriesForward indicator of “Shipments plus Backlog” reaches record $317.6 million vs. $289.6 million last yearCompany is effectively debt-free at year end TORRANCE, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Virco Mfg. Corporation (NASDAQ: VIRC), the leading manufacturer and supplier of moveable furniture and equipment for educational environments in the United States, today reported financial results for the fourth quarter and full fiscal year ended January 31, 2024
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VIRC
News
- Virco (VIRC) Reports Loss for Q4 Despite Higher Net Revenues [Yahoo! Finance]Yahoo! Finance
- MULN and SES among Consumer Discretionary movers [Seeking Alpha]Seeking Alpha
- Here's Why We Think Virco Mfg (NASDAQ:VIRC) Is Well Worth Watching [Yahoo! Finance]Yahoo! Finance
- Virco Manufacturing Corporation (VIRC) Reports Q4 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Virco Reports Full Year Revenue Increased 16.5% to $269.1 million, delivering 32.4% growth in Net Income [Yahoo! Finance]Yahoo! Finance
VIRC
Analyst Actions
- 2/15/24 - TheStreet
VIRC
Sec Filings
- 4/12/24 - Form 10-K
- 4/12/24 - Form 8-K
- 4/1/24 - Form 8-K
- VIRC's page on the SEC website